Economics

Fed Signals Rate Cut but Warns on Trade Wars

August 23, 2019 at 2:49 PM

Federal Reserve Chairman Jerome Powell implies that the central bank will cut interest rates next month but says uncertain trade policies make decisions tougher.

China Unveils New Tariffs, Trump to Retaliate

August 23, 2019 at 1:39 PM

China says it will begin in September to phase in new tariffs on $75 billion worth of U.S. imports.

U.S.-Japan Trade Pact Near “Final Stage”

August 22, 2019 at 5:13 PM

Japan’s top trade negotiator says Japan and the U.S. are approaching the “final stage” of a sweeping bilateral trade agreement.

Labor Dept. Trims March Jobs Level

August 22, 2019 at 2:29 AM

The U.S. had 501,000 fewer nonfarm jobs in March than originally estimated, according to the Dept. of Labor.

Trump Ponders Tax Cuts to Boost Economy

August 21, 2019 at 2:46 AM

President Donald Trump, who declares the U.S. is “very far from a recession,” says he might temporarily ease payroll and capital gains taxes to help strengthen the American economy.

Japan, U.S. Aim This Week for Quick Trade Pact

August 19, 2019 at 2:42 AM

Top U.S. and Japanese trade negotiators will meet for two days in Washington, D.C., this weeks in hopes of cinching a deal between the two countries by September.

White House Foresees No Recession

August 19, 2019 at 1:37 AM

Bullish Trump administration economic and trade advisors say there is no chance of a U.S. recession anytime soon.

WTO’s Trade Growth Indicator Drops

August 16, 2019 at 12:22 AM

The World Trade Organization says growth in the global trade of merchandise will remain below trend through at least the third quarter of 2019.

U.S., Japan to Continue Working Level Trade Talks

August 15, 2019 at 6:10 PM

Envoys from Japan and the U.S. have completed two days of working level talks in Washington, D.C., about a bilateral trade pact and will meet there again next week.

U.S. Manufacturing Slowed in July

August 15, 2019 at 1:18 PM

Output by U.S. manufacturers shrank 0.4% in July, deepening the decline since December to 1.5%, according to the Federal Reserve.

Germany’s Economy Posts Quarterly Decline

August 14, 2019 at 2:25 PM

Germany says its economy has shrunk for the second time in four quarters, contracting 0.1% in April-June compared with the previous three months.

GM, Ford Evaluate Possible Economic Slump

August 14, 2019 at 12:46 AM

General Motors and Ford say they have bolstered their cash reserves in case the trade war between the U.S. and China triggers a global recession.